De Beers gains patch on Baffin Island
News that the Canadian exploration division of De Beers has tied up more than 28,000 sq. km in prospecting permits across northern Baffin Island could put the spotlight on Twin Mining’s (TWG-T) Jackso…
News
Northern Empire, Stornoway add to holdings
Under a cloak of secrecy, partners Northern Empire Minerals (NEM-V) and Stornoway Ventures (SWV) have acquired two properties totalling more than 4,000 sq. km in northern Canada.Northern Empire Presid…
Great Basin boosts Ivanhoe (February 18, 2002)
Vancouver — The jump in the price of the yellow metal has prompted Great Basin Gold (GBG-V) to increase the net present value forecast for the Ivanhoe property in Nevada’s Carlin trend.Based on the c…
Northern Miner Indices (February 18, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mining…
Daily Metal Prices (February 18, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 12Feb. 11Feb. 8Feb. 7Feb. 6Aluminium1370.50/13…
Newmont enjoys robust quarter
Vancouver – The world’s largest gold miner ended 2001 on a strong note and expects 2002 to be even better.Newmont Mining (NEM-T) posted a profit of US$20.2 million (or US10 per share) in the fourth q…
Lending Rates (February 18, 2002)
as of 4 pm ET, Feb. 12, 2002 (%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75…
Spot Prices Wed. February 13, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$297.40-$0.05Silver$ 4.44-$0.04Platinum$467.00+$…
LME Warehouse Levels (February 18, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 12 (change from Feb. 5 in brackets):MetalStock (tonnes)ChangeAluminium875450(+10…
CDNX Rights and Warrants
Akrokeri-Ashanti Gold Mines — Wt. buys sh @ 22 to Dec. 19/02Barton Bay — Wt buys sh @ $1.10 to June 1/02.Franco-Nevada — Wt. buys 3.08 common sh @ $100.00 to Nov. 23/03Gol…
Kaiser thrown US$300m lifeline
Nosediving 50% to US35, Kaiser Aluminum won the flameout-of-the-week award by filing for bankruptcy protection and obtaining US$300 million in debtor-in-possession financing from the Bank of America….
Samex the volume leader on CDNX
Vancouver — Canada’s junior exchange managed to post a modest gain over the week ended Feb. 12. The Standard & Poor’s-CDNX composite index tacked on 11.54 points, or 1%, to close at 1152.87.Samex Min…